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today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
the response is out of washington with the fiscal cliff it is going to slow the economy next year. raising of taxes, cutting down of government spending will decrease economic growth, gdp growth which calculations -- shibani: we're predicting a slowdown but predicting a rise in currency in u.s. dollar. how does that -- >> good question. for safety. the bond market everyone is bearish on the bond market because interest rates should go up but in all reality the commercials have positioned themselves for short-term move down which we had. going back to neutral again and the open interest which is how many contracts are exposed to this trend or hedge are at the lowest level in years. usually you will get higher open interest of the market is going to move in the direction lower and the bond market is signaling that things are not going to be worked out and the economy will slow down the u.s. currency strengthens when there is nervousness around world which relates to the stock market going down. byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you m
regardless what happens today or over the next few days regarding the fiscal cliff. >> that's interesting. what would you be buying? i know you're a trading kind of guy, you're looking for dips, looking to buy on dips. >> right. >> what would you buy? >> well, there's nothing that i see that's attractive right now. i'm actually short the market and what i would like to see, to tell you the truth, a little rally caused by resolution of the fiscal cliff. there may be some stop gap measure, i think that the market will cling to that as a reason to stay the short-term rally and looking to sell stocks and short stocks into that rally. so i'm not really interested in buying some stocks right at this moment to tell you the truth. >> that's interesting. i just want to try to summarize for our general interest >> right. but you say it's not going to last. the underlying economic situation is bad, down we go on the stock market at some point, fairly soon. is that accurate? >> yeah, yeah, and i think you're seeing that in a lot of the stocks, in a lot of the underlying leadership that was leading ma
next. we'll have much more on the fiscal cliff talks as they continue. also much more on the status of president george h.w. bush. >> kelly: we're glad he is doing better and out of intensive care. we'll continue to follow his story and make sure he's doing well. we'll have that and more. >> heather: anna kooiman live in times square as we prepare for, as we were talking about, new year's eve. harris faulkner up next. see you ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes!
cliff and their plans for the next year. we will continue with the forecast for the housing market with the chief economist with the national association of realtors. fall by more discussion of the fiscal cliff negotiations -- followed by more discussion of the fiscal cliff negotiations. and a discussion on background checks. how they work, who gets them, and when they are required. our guest is matt bennett with the third wayl . on "washington journal" at 7:00 a.m. >> kent conrad is retiring. the north dakota democrat talk about partisanship in the senate and his time working on economic issues including his service on the bulls simpson commission. -- bowles-simpson commission. this is 30 years. fulle're talking in a week o of farewell speeches. what is that like? >> it has been great. i have that going away party the night before. a lot of my colleagues were there. then the farewell speech in which i had a chance to reflect on my service here but also to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order and i laid out the specifics on
on the fiscal cliff? doubt it, but we'll see next. >>> welcome back to "worldwide exchange." i'm kelly evans. ross westgate is away. these are your headlines from around the world. president obama and congress return to work today with little progress seen on the deal to avoid the fiscal cliff while the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government vows to battle deflation and weaken the currency. export stocks rise pushing the nikkei towards it's strongest gain in seven years. and toyota moves higher after the car dealer settles a class action lawsuit. analysts say the $1 billion payment is already priced in. >> it was a pretty quiet trading session in the u.s. yesterday. retail stocks were one of the market's worst performers. we were just discussing the outlook for holiday sales coming in weaker than first expect. today, trying to cover some of those losses. similar small gains seen for the s&p. the nasdaq was a little lower the last time we checked in. roughly flat now.
on the fiscal cliff some time in the next four days and 14 hours. that's coming up at 11 a.m. "squawk on the street" will be right back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> second day in a row retailers led the losers list. simon who can is here with what is coming up at 10. >> we will talk about where the markets are going to go from here, fiscal cliff, positioning for 2013 and kim co-on the program, one of the biggest owners of american malls. how are they faring as america spikes again? apple, a four-year low, they are experime experiments, carl, as you mentioned with curved glass. >> simon, looking forward to see you. >>> chicago drive mayors ring in the new year with reluctant, starting in january, they will be shelling out more for downtown parking meters than drivers in any other city across the country. the cost to park at a metered spot will rise to $6.50 a hour, double what drivers paid in 2008. so
the fiscal cliff the latest on negotiations next. >> and chang restrictions are lifted on rows are clearing fresnel in the sierra will have an update on conditions. >> plus many is offering free service to celebrate its 100th anniversary will have a live report as the kron 4 morning news continues into minutes no all and thank you for and joining us there have been three homicides and 98 minutes will have details coming up. >> the clock is ticking for a solution in washington. we are just four days away from a fiscal cliff. we was see what congress will do today. >> we are seeing an increase and cloud cover. it is a cold start outside. as we head into afternoon rain chances could start for the bay area. as we take a look at the numbers. it is 30 degrees in santa rosa. it is 39 currently in fremont. tomorrow morning we went may wake up to rainy weather. >> we are looking at pretty light traffic around the bay area. i do not think that we will see anything different than what we have seen all week long. right now but quick commute check shows there is a like ride through the east bay. the res
burden on millionaires. the result, find out next. >> bret: no grapevine. top story, fiscal cliff is going over it. the senate majority leader, not moved the bill to the senate floor yet. the house would only deal with whatever passed the senate. if it passed the senate at all. all indications are the house will not vote on any fiscal cliff legislation tonight. here is how the potential deal stacks up. they will be taxed at 39.6%. up from 35%. tax on capital gain and individuals for $400,000 for individuals would increase to 20%. from 15%. the alternative minimum tax is permanently indexed to inflation. it has been annual patch. that would be permanent. the plan extent the child tax red earned income tax credit. up to $2,500 tax credit for collision tuition. unemployment benefit are extented for one year. same for the medicare doc fix and the social security payroll tax cut. reverse to rate of 6.2%. those are the deals as they stand right now. although things are developing and they could change. those looking to europe for inspir ration and coming up with american tax rates that
're optimistic they can reach a deal on the fiscal cliff. next we'll take a look at the possible effects and perhaps to fight hunger in the -- programs to fight hunger in the u.s. >> today, we want to look at the issue of hunger in america. we want to welcome our two guests. caroline rye cliff and alicia coleman jackson dealing with food and hunger. i want to ask you as you look through some of these figures what surprised you the most? what did you learn? guest: well, thanks for having me. just to talk about some of our main findings our statistics are based on food calendar year 2011 and that's base tond food survey conducted in 2011. we found that about 14.9% households were food insecure. food insecure means they lack consistent food. food insecurity rate in the u.s. is around 14% to 15% since 2008. from 2007 to 2008 food insecurity increased with the resession. it was at 11% prior to the recession. >> let me go to this sub head linebacker here. the 15% of these households being food insecure means they have trouble putting adequate food on the table. the question is why? why do we h
the tax increases and spending cuts that make up the fiscal cliff. es it d to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to m
for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happ
for an unfinished the edges of the business, including a possible deal on the so-called fiscal cliff. the senate is in at 1:00 p.m. eastern to considered the chief executive nominations. votes are scheduled at 2:00 p.m. eastern. live coverage of the senate on c-span 2. in the senate, members will have votes as early as 6:00 p.m. watch for live coverage here on c-span. next on "washington journal," we continue the conversation on the fiscal cliff followed by a
is prepared to step in today if congress can't get something together to deal with the fiscal cliff deadline just 14 hours away from now. an update from 1600 pennsylvania avenue moments away. >> well, it will be somewhere between 8,000 to $12,000. so i'm not looking forward to that. >> is that more than you expected to go up january 1st. >> even a dollar's more than i can afford, yes. so not good news heather: thousands of first-responders are joining friends and family paying tribute to a hero firefighter gunned down in the line of duty. you're looking live at the scene. this is in webster, new york, where the funeral of getting underway. the 19-year-old volunteer was one of two firefighters shot and killed on christmas eve while responding to a fire set by gunman, william spengler. we well have much more on this coming up. we have potential breaking news. potential movement on the senate on the budget battle. brand new hour of america's news headquarters. i'm heather childers in for martha maccallum. gregg: i'm gregg jarrett in for bill hemmer. the number two in the republican senate sayin
in and talk about the fiscal cliff and their plans for the next year. we will continue with the forecast of the coming years housing market with lawrence yun, followed by more discussion of the fiscal cliff negotiations as congress returns to washington. we are joined by steve forbes. later, a discussion on background checks, how they work, who gets them, and when they are required. our guest is matt denn it. washington journal live at 7:00 a.m. eastern on c-span. >> i just enjoy that it is straight forward, comprehensive, and you can really sense what is happening without a pundit interjecting, and that is what i really appreciate about c-span. it is definitely a great resource for anyone looking to become more familiar with how government works and the ins and outs of capitol hill. >> c-span, created by america's cable companies in 1979. brought to you as a public service by your television provider. >> now, state and defense department officials testified at a hearing on violence in the eastern congo. a rebel group of congolese army defectors has been terrorizing people. the congolese
for you. david: even though the fiscal cliff talks are deadlocked, some lawmakers are hopeful we will get a deal in the coming days but my next guest things we will go over the edge and it is because the white house doesn't want a deal. joining me now, president for americans for limited government. so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio suary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> phil wilson can't hear us now. sorry about the difficulty with your hearing device. let's talk about the president going
when it comes to the fiscal cliff. one, we'll see an agreement within the next 48 hours in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate and republican also have to decide if they're going to block it. >> biden and mcconnell are said to be only about $100,000 apart on where the bush era tax cuts would expire with the republican pushing for $550,000 a year. democrats offering a 450,000. biden stowed have given up his push to raise the estate tax. democrats are trying to delay spending cuts until 2015 and republicans are demanding more spending cuts to offset extended unemployment benefits and farm subsidies. lot of ground to make up. but mcconnell says his decision to reach out to biden was a good one. >> the vice president and i worked together on solutions before and i believe we can again. i want my colleagues to know that we'll keep everyone updated, the consequences of this are too high for the american people to be engaged in a political mess. i'm interested in getting a result here. >
when president obama rolled out his new plan for steering us away from the fiscal cliff there was a word he did not say. that word was sequester. it would cut $100 billion from the budget next year, half from domestic programs and half from defense programs. and now as the deadline draws close, experts are look at these cuts from a national security standpoint and warning one final time about their impact on the safety of our service members. >> it is going to affect the operational force that is deployed in terms of its you ability to maintain its equipment and get repair parts. that force is deployed around the world. it is not just the force in afghanistan that is being reduced. it would impact on the training of the force. and its preparedness to conduct other operations. >> white house officials say it is unclear what will happen with the sequester. on friday republican senator john mccain said he doesn't see how a deal gets done without addressing these across the board cuts which could cost a lot of contractors their jobs. >> now, the large defense contractors wil
the fiscal cliff there was a word he did not say. that word was sequester. it would cut $100 billion from the budget next year, half from domestic programs and half from defense programs. and now as the deadline draws close, experts are look at these cuts from a national security standpoint and warning one final time about their impact on the safety of our service members. >> it is going to affect the operational force that is deployed in terms of its you ability to maintain its equipment and get repair parts. that force is deployed around the world. it is not just the force in afghanistan that is being reduced. it would impact on the training of the force. and its preparedness to conduct other operations. >> white house officials say it is unclear what will happen with the sequester. on friday republican senator john mccain said he doesn't see how a deal gets done without addressing these across the board cuts which could cost a lot of contractors their jobs. >> now, the large defense contractors will probably be okay. they have significant cash reserves most of them. the smaller contrac
. >> tonight, british prime minister david cameron, followed by a round-table discussion of the fiscal cliff negotiations. then another look at this week cost 90-minute "q&a" with author paul reid. next, prime minister david cameron talks about the 3800 british troops that will be withdrawn from afghanistan by the end of 2013. he added that a small number of troops would remain to return equipment and maintain a and officer training academy. members asked about the uk's immigration policy and concerns over proposed national health services spending cuts. >> questions to the prime minister. >> number one, mr. speaker. >> thank you. i am sure the whole house will wish to join me in sending our best wishes for christmas to our brave armed forces in afghanistan. it to their families who will be missing them, and to the servicemen and women around the world -- you are always in our thoughts. we owe you a deep debt of gratitude and sinew our heartfelt thanks at christmastime. i have meetings, and in addition to my duties i shall have further such meetings later today. >> thank you, mr. speaker. th
-span. >> on friday's washington journal -- next, the countdown to the fiscal cliff. >> it is straight forward, comprehensive, and it does not have someone introjecting. that is what i appreciate. if you are looking to come -- to become more familiar with how government works, c-span. >> c-span is brought to you by a -- as a public service. >> without action, the fiscal cliff would go into effect on january 1. tax reductions and cuts in federal spending john boehner was called on to call the house back in session. later, the house will return sunday at 2:00 p.m. eastern. >> a pro-forma session is a session without substance and solutions. america is looking to its congress for both. it is certainly looking to congress to be working. i said everywhere i go, people ask me and urge me with hope in their voices, "i hope you are working on that fiscal cliff," "i hope you are getting the situation that we are not going over the fiscal cliff." sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to
with where we started this morning on "washington journal." have you looked at the fiscal cliff and have you made plans or altered your 2013 spending as a business owner on this issue? guest: the answer is not yet. the big factor will be what happens in health care, which kicks in it in 2013 and 2014. you're kind of immobilize until we get a fix. we are moving ahead on the projects we are doing. people are being cautious. we hope this thing will be successfully resolved and that we do not go into a recession next year. host: how would you like to see this issue played out in washington? what is the best economic solution? guest: the best economic solution is to avoid raising taxes. the best we can hope for is that they kick the can down the road for a couple of months. you are not going to resolve entitlements in the next few days. some of these issues will take serious discussion. it will probably be february and not december 31. that is on the horizon. try to do it in a more deliberate fashion. that would be better than doing a quick deal. that is a habit in washington. host: like is it im
go over the fiscal cliff? real estate expert kendra todd weighs in on that. there she is next. >> clayton: a new last name, too, mattera, i did not know this. congrats, see you in a minute. >> thank you. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra.
to define his second term. he was elected to lead. we can still avoid going over the fiscal cliff if the president and the democrat control senate step forward this week and work with republicans to solve this problem and solve it right now. host: joseph rosenberg, your thoughts on what the senator had to say. guest: well, look, i'm not interested in getting in the middle of the political back and forth. you know, i think the main -- the first idea is similar to an earlier caller about this sort of insufficiency of only taxing the rich. and that's certainly a valid point. i think, again, there's -- you need to draw a distinction between what we're currently talking about the immediate issue of what our tax system will look like next year and then -- and separating that from the longer term issues of tax and spending in which there are, you know, real philosophical differences about the role of government in social insurance in providing health care and how we're going to raise revenue going forward. host: our next caller comes from chris in houston, texas on our line for democrats
number of lawmakers saying they are skeptical that a deal can be reached in five days to avoid the fiscal cliff, especially with the main sticking point coming down to whether to increase taxes for top earners next year among many other things. byron york, now, of "the washington examiner" joins us to talk about this. good morning, byron. >> good morning, patti ann. patti ann: so we're going to show a full scream of what would happen if -- full screen of what would happen if we go off that fiscal cliff. but you got democrats, including congressman john yarmouth of kentucky, saying, look, we may go off that cliff on january 1st, but we would creak it very quickly -- correct it very quickly thereafter, so do you believe that's the democratic plan? enter yes, and it's a republican nightmare. republicans have been reached no deal's reached, barack obama and democrats immediately propose to relower the tax rates to bush levels for all but the top 2%, and republicans find themselves opposing it on behalf of their millionaire friends will be the democratic charge. so that's kind of a nightmare s
about the fiscal cliff. they say sales rose 0.7% this holiday season compared to a 2% increase leisure. >> netflix's c. ito reed hastings pay with the double to $4 million next year, after he took a pay cut due to the management missteps and this year. hastings pay will include $2 million in stock options. controversy will decisions, including a steep price hikes on subscriptions, said the stock spiraling down and 2011. hastings pay was cut shortly thereafter. >> making interstate phone calls could soon get cheaper. this is for prison inmates. prison calling systems are different and normal pay phones. a typical 50 minute conversation, and because an average of $16. and new york, where fees are banned, rates can go as low as 5¢ a minute. but in places like colorado, and rates it charged more than 96 admitted. the fcc is planning to open up public comment and reduce rates nationwide. >> we will be right back. >> let's take a live look outside at our nation's capital. it this is that washington d.c.. the snow is falling there. now back in our local weather. >> snow levels are dropping d
on c-span members of congress on the countdown for the so-called fiscal cliff. senate leaders harry reid and mitch mcconnell speak on the floor about the negotiations. then that is followed by the history of "the new york times." on friday's "washington journal" a look at the countdown to the fiscal cliff. our guest will be damian paletta. then homeownership in the u.s. with randallo tool. later, the discussion of the economy, poverty, and hunger. caroline radcliff. "washington journal" live every morning starting at 7:00 eastern on c-span. >> if we turn away from the needs of others, we align ourselves with those forces that are bringing about this suffering. >> the white house is a pulpit and you ought to take advantage of it. >> obesity in this country is nothing short of a public health crisis. >> i think i have little antennas that went up and told me when somebody had their own agenda. >> there is so much influence in that office and it is shame to waste it. >> they serve on a window on the past with what is going on with american women. >> sh she is the only one they can trus
tax hike of this fiscal cliff negotiation is concerned. both the republicans and democrats seem very inclined to allow payroll taxes to go back up for people who earn $50,000 a year. that's $1,000 less they will take home next year, and that's real money. >> the perception is they're doing that to help those zillion nares and billionaires at the top. i mean, to add to the pain is why you may be facing the pain is for people that have no pain might have a little less pain even more. i mean, it's incredible. you know, yes, it's good to say, but saving for a rainy day is good for those not drenched with the rain. you talk about people in the rain that are going to suffer who has this whole sermon that we hear from washington of shared sacrifice when we didn't have shared prosperity. >> absolutely. but those people who actually are trying to save right now, we've got a whole enormous sector that has absolutely no rainy it day fund whatsoever. half of the americans are financially fragile. they couldn't come up with 2,000 if they needed to come up with it without selling belongings or tak
Search Results 0 to 27 of about 28